To amend the Internal Revenue Code of 1986 to modify the small refiner exception to the oil depletion deduction.
Latest action · Mar 3, 2005 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 3, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to revise the definition of certain small crude oil refiners eligible for the exemption from limitations applicable to the percentage depletion allowance for oil and gas wells to provide that such refiners will qualify for the exemption if their average daily refinery runs do not exceed 75,000 barrels (currently, 50,000 barrels).
Cosponsors 16
Members who signed on, in the order they did. Signatures ran from Mar 3, 2005 to Apr 13, 2005; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OK | John Sullivan | Original | Mar 3, 2005 |
| R-PA | Phil English | Original | Mar 3, 2005 |
| D-OH | Sherrod Brown | Original | Mar 3, 2005 |
| R-TX | Ralph M. Hall | Mar 9, 2005 | |
| R-MO | Roy Blunt | Mar 9, 2005 | |
| R-LA | Bobby Jindal | Apr 5, 2005 | |
| R-LA | Charles W. Boustany, Jr. | Apr 5, 2005 | |
| R-IN | Chris Chocola | Apr 5, 2005 | |
| R-IN | Dan Burton | Apr 5, 2005 | |
| R-IL | John Shimkus | Apr 5, 2005 | |
| D-AR | Marion Berry | Apr 5, 2005 | |
| R-ID | Michael K. Simpson | Apr 5, 2005 | |
| D-LA | William J. Jefferson | Apr 5, 2005 | |
| R-MI | Mike Rogers | Apr 6, 2005 | |
| R-LA | Richard H. Baker | Apr 12, 2005 | |
| R-CA | Richard W. Pombo | Apr 13, 2005 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Mar 3, 2005 |
Actions 2
Everything that happened, newest first.
- Mar 3, 2005Introduced in House
- Mar 3, 2005Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 785 | A bill to amend the Internal Revenue Code of 1986 to modify the small refiner exception to the oil depletion deduction. | Identical bill | Apr 14, 2005 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to modify the small refiner exception to the oil depletion deduction.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 3, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.